🤔What is a CMA and why is it good for Home Owners?
CMA also known as Comparative Market Analysis, is a term used to describe the process to determine the current market value of ones property.
There are many reasons why someone may want a CMA – the obvious being to determine what they would receive if they would list their home today. However, a home owner may also get a CMA even when not looking to sell! These reason include:
- Purchasing an investment property: Depending on when you purchased your current home, you may have gained enough equity to take some out and use toward a down payment on an additional property.
- Home Reno’s: You may also take the equity you have gained and put it towards your current home in order to make it your dream home!
Be sure to check out this video to learn more! https://www.youtube.com/watch?v=vQkbbKrJaDQ&t=10s